Pidilite Industries has announced a strategic investment by its wholly owned subsidiary in the home design and construction services sector. The company disclosed that Pidilite Ventures Private Limited (PVPL) will make a further investment in Buildnext Construction Solutions Private Limited.

Investment Details

The investment structure involves subscribing to compulsorily convertible preference shares of Buildnext with specific parameters:

The compulsorily convertible preference shares subscribed by PVPL will, upon conversion along with existing shares held by PVPL in Buildnext, not exceed 34% of the issued and paid up share capital of Buildnext on a fully diluted basis. The investment is being made at a mutually agreed pre-money enterprise valuation, which has not been disclosed due to confidentiality reasons.

About Buildnext Construction Solutions

Buildnext Construction Solutions Private Limited operates in the home design and project management services industry. The company was incorporated on 16th October 2015 and has shown consistent growth over the past three years:

The company has demonstrated strong revenue growth, with turnover increasing from Rs 10.14 crore in March 2023 to Rs 18.38 crore in March 2025, representing significant year-on-year expansion in the home design and project management services sector.

Transaction Structure

This investment represents an expansion into adjacency business for Pidilite Industries. Key aspects of the transaction include:

• The purchase is not classified as a related party transaction
• Promoters and promoter group of PVPL have no interest in Buildnext
• No governmental or regulatory approvals are required for the acquisition
• The investment will be completed through cash consideration

This strategic move follows Pidilite's previous intimation dated 28th October 2024, indicating the company's continued interest in expanding its presence in the construction and home improvement ecosystem through targeted investments in complementary businesses.

Pidilite Industries Limited filed a comprehensive investor presentation on February 6, 2026, under Regulation 30, providing stakeholders with detailed insights into the company's strategic evolution and growth trajectory. The presentation was submitted to both BSE Limited and National Stock Exchange of India Limited by Company Secretary Manisha Shetty.

Strategic Journey and Evolution

The presentation outlines Pidilite's remarkable journey spanning over six decades, beginning with its inception in 1959. The company's evolution is categorized into distinct phases, each marked by significant milestones and strategic initiatives.

Foundation and Brand Building (1959-2004)

The early phase saw the commissioning of plants for Acron brand pigment emulsion and Fevicol brand adhesives. Key developments during this period included:

• Fevicol's establishment as carpenters' preferred choice
• Birth of the Consumer Products division
• Public listing with a valuation of INR 60 crores
• Introduction of Dr. Fixit and M-seal brands
• Achievement of the 1000 crore revenue milestone
• Acquisition of Roff brand construction chemicals

Expansion and Collaborations (2005-2025)

The recent decades have been characterized by aggressive expansion and strategic partnerships:

Portfolio Strategy and Market Positioning

Pidilite employs a sophisticated portfolio approach to sustained profitable growth, segmenting its businesses into three distinct categories:

Established Brands

These include high market maturity brands with strong market positions, targeting 1-2X GDP growth. The flagship Fevicol brand exemplifies this category with continuous innovation including superfast setting adhesives, heat-resistant formulations, and specialized applications for AC ducts and foam sheets.

Emerging Categories

Businesses with significant potential for market growth or share gain, targeting 2-4X GDP growth. Dr. Fixit has evolved from pure waterproofing to a comprehensive range including coatings and Dr. Fixit Centers. The Roff brand has been positioned as an expert tile and stone solutions provider through strategic joint ventures with global specialists.

Nascent Categories

New market creation opportunities targeting 100 crores revenue within 3 years. These include specialized applications in glass windows, woodworking, and ACP panels.

Performance Metrics and Growth Enablers

The presentation highlights consistent performance over the last 10 years, with market capitalization reaching Rs. 1,44,929 crores as of March 31, 2025, representing a 5X increase over the decade.

Distribution Network Expansion

Infrastructure Development

With cumulative capital expenditure investment of Rs. 2,700+ crores over 10 years, Pidilite currently operates through approximately 70 manufacturing units and 50+ distribution centers across the country, creating a future-ready supply chain.

Strategic Initiatives and Future Outlook

The company is positioning itself for key market shifts through strategic partnerships and new product launches. Notable initiatives include the Jowat partnership for on-site to off-site furniture manufacturing transition, expansion in the electronics adhesives segment, and the launch of Haisha interior paints targeting small towns and rural markets.

The presentation also emphasizes Pidilite's commitment to sustainability and digital transformation, including the development of a comprehensive digital ecosystem connecting retailers, distributors, users, and sales force through platforms like M Connect and Genie.

Corporate Governance and Leadership

The document reflects strong corporate governance practices with recent leadership appointments including Sudhanshu Vats as Managing Director and Kavinder Singh as Joint Managing Director, ensuring continuity in the company's strategic direction and operational excellence.